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The Falkirk FC Thread


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23 minutes ago, HopeStreetWalker said:

Yes ! it would be an opportune moment to make a casher one off offer to the Council to buy the Stadium Company outright. Along the lines of ' Hey Council since we moved to Westfield we have paid you X mount. Know you are strapped for cash so 1.5 million in your bank tomorrow and FFC own the Stadium-Car park and surrounding land. How about it' They would bite your hand off.  Money is cheap to borrow, what we pay the stadium company every month would more than cover say a 20 year payback period. We would also have an asset to borrow funds on in the future.

What about “South Stand Development Company Limited”? FFC owed them £97,500 in 2019, with the yearly payment increasing and it’s unclear if its a let to own or just a let situation. Just noting the situation is even more depressing than you paint, as I’m sure there are some other issues too. It’s even more convoluted than the ownership situation at Raith, but that’s clearer after a few years of summary research by a couple of gents.

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49 minutes ago, TxRover said:

What about “South Stand Development Company Limited”? FFC owed them £97,500 in 2019, with the yearly payment increasing and it’s unclear if its a let to own or just a let situation. Just noting the situation is even more depressing than you paint, as I’m sure there are some other issues too. It’s even more convoluted than the ownership situation at Raith, but that’s clearer after a few years of summary research by a couple of gents.

Westfield Stadium is owned outright by the Falkirk Community Stadium Ltd.  Its a mess and football clubs like Raith and Falkirk are getting taken to the cleaners because of it.

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Westfield Stadium is owned outright by the Falkirk Community Stadium Ltd.  Its a mess and football clubs like Raith and Falkirk are getting taken to the cleaners because of it.


Hold on a minute.

Who signed up to the deal on the stadium?
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2 hours ago, Bantabairn said:

Incompetence at the highest level when the deal was brokered with Morrison’s for our beloved site, we allowed people with limited knowledge signing long term contractual agreements which they were simply out their depth, today and for years to come we suffer. If there was a case for renegotiation nothing like the present time.

The Council owned 2/7th of the Brockville site. They persuaded FFC to go in with them on the new stadium and insisted on a main stand of that capacity. Now this is the clever bit from the Council. They formed the Falkirk Community Stadium Ltd and sold their own land to themselves at an inflated price due to the potential of a Hotel attached to the stadium. FFC sign up and end up near skint while the council win big time. Few months later no hotel due to the blast zone. Council therefore become major stakeholder in stadium company. Council get a tenant with nowhere else to go. Paying of a land price that is nothing short of fraud. Lease of the stadium increased every season and a nice casher every financial year. FFC must have paid the cost of the thing a few times over.

We cannot walk away as we have nowhere else to go. The council for one would never give planning permission.

For that reason a buyout comes before any 4th Stand.

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2 hours ago, HopeStreetWalker said:

We should never have allowed that ego trip of a main stand to be build. Far to big could have got another stand built for the same money. 

Disagree. The main stand is significantly better than the likes of St Mirren's tinpot effort and well worth the extra money spent. Whilst I do agree that we didn't get a good deal from the new stadium, if we hadn't been such a basket case both on and off the park for the last decade, we'd be playing in the Premiership right now with a finished stadium. 

12 hours ago, BudBairn said:

 


I thought that bit between the stadium and the new Astro park was an extension of the car park, looks like wasteland! Miss the place.

 

It's been used as a carpark since the new pitch was finished but it's just loose gravel like behind the north and south stands. As someone else said - basically unmade ground until the fourth stand is built.

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The Council owned 2/7th of the Brockville site. They persuaded FFC to go in with them on the new stadium and insisted on a main stand of that capacity. Now this is the clever bit from the Council. They formed the Falkirk Community Stadium Ltd and sold their own land to themselves at an inflated price due to the potential of a Hotel attached to the stadium. FFC sign up and end up near skint while the council win big time. Few months later no hotel due to the blast zone. Council therefore become major stakeholder in stadium company. Council get a tenant with nowhere else to go. Paying of a land price that is nothing short of fraud. Lease of the stadium increased every season and a nice casher every financial year. FFC must have paid the cost of the thing a few times over.
We cannot walk away as we have nowhere else to go. The council for one would never give planning permission.
For that reason a buyout comes before any 4th Stand.


Sorry but you would think we were forced to go this route reading this. We led the charge on the new stadium and made a roaring c**t of the deal. End of
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39 minutes ago, Back Post Misses said:

 


Sorry but you would think we were forced to go this route reading this. We led the charge on the new stadium and made a roaring c**t of the deal. End of

 

Don't disagree ! We needed either a revamped Brockville or a new stadium and as you stated made a c**t of the deal as I outlined.

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37 minutes ago, Back Post Misses said:

 


Sorry but you would think we were forced to go this route reading this. We led the charge on the new stadium and made a roaring c**t of the deal. End of

 

You need to look at who made those choice and on the form they have since they have at least if anything been consistent at it if ever there was a better time of new ownership then its now but given the fact they have dug there heels in even more and we are now trying to get people to invest in the club (with the current incumbents in charge no one in their right mind would). The only time Falkirk Council were onside about the stadium was when it was proposed for Stirling road (yes it was that long ago) in Camelon and the housing development but due to methane on the site but if i mind right at the time the Goldie's were shouting from the rooftops about it, funny how a change in plans can alter things.

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We had no choice but to go in with the council at that point. We were stagnating as a club at brockville and were never going to be able to raise the amount of cash to knock down the old brockville and built a new stadium without the money from selling the site. We lost our majority percentage of the brockville site as we had to pay back the 2 million quid we owed Eddie Healey down south. We were therefore putting the same amount of cash into the new place as the council which gave us no majority say. That said whoever's was doing the deal at the time made a rip roaring cant of it and this was made even worse by the clowns who agreed the latest set up when the stadium deal was changed. They have left us in a really weak position. One it's not easy to get out of without loads of cash.

Edited by Shadwell Dog
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7 minutes ago, Shadwell Dog said:

We had no choice but to go in with the council at that point. We were stagnating as a club at brockville and were never going to be able to raise the amount of cash to knock down the old brockville and built a new stadium without the money from selling the site. We lost our majority percentage of the brockville site as we had to pay back the 2 million quid we owed Eddie Healey down south. We were therefore putting the same amount of cash into the new place as the council which gave us no majority say. That said whoever's was doing the deal at the time made a rip roaring cant of it and this was made even worse by the clowns who agreed the latest set up when the stadium deal was changed. They have left us in a really weak position. One it's not easy to get out of without loads of cash.

Yep ! Hindsight is a great thing. What annoyed me the most was the council selling the land to the stadium company where the council was the majority stakeholder. ie - they sold land to themselves diluting FFC share of the stadium and it not costing themselves a penny. If ever there was an opportunity for a bit of accountancy slight of hand to work to your advantage it was this.

Long term objective is to buy the stadium outright before indulging in 4th stand fantasies. 

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Yep ! Hindsight is a great thing. What annoyed me the most was the council selling the land to the stadium company where the council was the majority stakeholder. ie - they sold land to themselves diluting FFC share of the stadium and it not costing themselves a penny. If ever there was an opportunity for a bit of accountancy slight of hand to work to your advantage it was this.
Long term objective is to buy the stadium outright before indulging in 4th stand fantasies. 


It is over £10m on the councils books. They have invested in the car parks recently.

Nothing but a pipe dream buying it. Falkirk should build a forth stand and let the council get on with losing money out of their white elephant
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It is over £10m on the councils books. They have invested in the car parks recently.

Nothing but a pipe dream buying it. Falkirk should build a forth stand and let the council get on with losing money out of their white elephant
Yes. Build the money making facilities in the fourth stand, undercut the council. Use the main stand as a stand only. f**k buying out the council. Smoke them out instead.
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21 minutes ago, Bairnardo said:
23 minutes ago, Back Post Misses said:


It is over £10m on the councils books. They have invested in the car parks recently.

Nothing but a pipe dream buying it. Falkirk should build a forth stand and let the council get on with losing money out of their white elephant

Yes. Build the money making facilities in the fourth stand, undercut the council. Use the main stand as a stand only. f**k buying out the council. Smoke them out instead.

Building a 4th stand would be a matter for the Falkirk Community Stadium Company. There is not a commercial case for building one, just cannot understand why people keep bringing it up. As for how much the council value their stake in the company. Has anybody asked how much they want or got a valuation on it ? Would be a good starting point. There is another option. Sell to the council FFC share of the company. Rent it for games and have nothing else to do with it. Train at Stirling University. Office administration can be done from rented or leased premises, Plenty about in Falkirk High Street that could be incorporated into a shop downstairs and offices above. FFC are not looked on as a partner by the council. They are seen as a lucrative reliable income stream who have nowhere else to go and treated accordingly. 

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Building a 4th stand would be a matter for the Falkirk Community Stadium Company. There is not a commercial case for building one, just cannot understand why people keep bringing it up. As for how much the council value their stake in the company. Has anybody asked how much they want or got a valuation on it ? Would be a good starting point. There is another option. Sell to the council FFC share of the company. Rent it for games and have nothing else to do with it. Train at Stirling University. Office administration can be done from rented or leased premises, Plenty about in Falkirk High Street that could be incorporated into a shop downstairs and offices above. FFC are not looked on as a partner by the council. They are seen as a lucrative reliable income stream who have nowhere else to go and treated accordingly. 
It's a better option than trying to buy the council out, which has been brought up often recently. That's never happening.
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1 hour ago, Back Post Misses said:


It is over £10m on the councils books. They have invested in the car parks recently.

Nothing but a pipe dream buying it. Falkirk should build a forth stand and let the council get on with losing money out of their white elephant

 

Car park (monoblocking) and the charging points were paid for by a grant from tourism Scotland and the charging points part of the Scottish govt initiative for to have car charging points every 30 miles.

Given the roaring c**t the council have made of the Kelpies (the Sculptor calls the shots on that one in regards to the merchandise and marketting) i'm amazed they managed to get the upper hand mind you 2 levels of incompetence there just one was more inept than the other.

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